Most realty experts say: Don't expect the sector to turn round soon, especially the residential segment. While the new government has raised hopes and improved sentiments of investors, companies and experts believe a revival is at least a year away.
The realty market has been abuzz with activity this festival season. Discounts, freebies, various financing schemes and advertisements across various media are making buyers sit up and look for the best deal.
Driving east on the highway from Delhi to the satellite township of Greater Noida, the glass-fronted cityscapes gradually give way to dusty untilled fields where young men wave down cars and push glossy brochures through the window.
Developers are offering a variety of payment schemes to attract buyers during the upcoming festive season. It is imperative that they understand what each payment plan entails. The attraction of delayed payments, no EMIs, etc.